An affiliate of Kushner Cos. has acquired a 9,600-square-foot motel near its mixed-use Pier Village complex in Long Branch, in a $6 million sale brokered by The Kislak Co. Inc.
Residential & Mixed Use
The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.
RBH Group, city officials unveil transformative Teachers Village project in Newark
RBH Group founder and CEO Ron Beit joined Newark Mayor Baraka and other public officials on Tuesday to unveil the $150 million Teachers Village project in downtown Newark. Sitting just west of Halsey Street and north of Pearl Street, the six-building, 400,000-square-foot project has transformed five blocks in the city, resulting in 204 moderately priced apartments, three charter schools, open space and 65,000 square feet of retail space.
Population, policy shifts in focus at NAIOP developers’ panel
The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.
Devco, public officials break ground for New Brunswick Performing Arts Center
The New Brunswick Development Corp., public officials and a host of other stakeholders broke ground Wednesday on the $172 million New Brunswick Performing Arts Center project. Slated to rise 23 stories on Livingston Avenue, the mixed-use complex stands to transform the city’s famed downtown cultural arts district, spanning 450,000 square feet that will include performance venues, office space and more than 200 luxury apartments.
